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Dorsey owned more than 18 million shares in Twitter, valued at about $1 billion. He could have cashed those shares out at $54.20 a piece when Musk took the company private, instead, he will end up saving Musk about $1 billion in his purchase price by rolling those shares over.

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JUST IN: Treasury Department officials have begun looking into whether they have the legal authority to start an investigation into the Elon Musk’s Twitter purchase because of Musk’s ties to foreign governments and investors, per the Washington Post.

— unusual_whales (@unusual_whales) November 2, 2022

aggiehawg said:

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Dorsey owned more than 18 million shares in Twitter, valued at about $1 billion. He could have cashed those shares out at $54.20 a piece when Musk took the company private, instead, he will end up saving Musk about $1 billion in his purchase price by rolling those shares over.

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Musk, then Saudi holdings (16%) and then Dorsey is next in share ownership. Dorsey and the Saudis combined still cannot outvote Musk.

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Talked to civil society leaders @JGreenblattADL, @YaelEisenstat, @rashadrobinson, @JGo4Justice, @normanlschen, @DerrickNAACP, @TheBushCenter Ken Hersch & @SindyBenavides about how Twitter will continue to combat hate & harassment & enforce its election integrity policies

— Elon Musk (@elonmusk) November 2, 2022

Twitter's content moderation council will include representatives with widely divergent views, which will certainly include the civil rights community and groups who face hate-fueled violence

— Elon Musk (@elonmusk) November 2, 2022

nortex97 said:

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My only concern about this is that unemployment rates are much lower/job prospects better for tech workers in red states like Texas now, vs. San Fran/communist states. We also have lower hateful hammer attack rates.

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fasthorse05 said:

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It didn't dawn on me until right now, but due to Musk's ownership of Twitter, it's highly likely the Dems will start pushing either reform of section 230, or outright repeal.

I'd be shocked if it's repeal, because they still have massive interaction and control of all of the other big social media ops, but they'll start mouthing off before long.

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fasthorse05 said:

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It didn't dawn on me until right now, but due to Musk's ownership of Twitter, it's highly likely the Dems will start pushing either reform of section 230, or outright repeal.

I'd be shocked if it's repeal, because they still have massive interaction and control of all of the other big social media ops, but they'll start mouthing off before long.

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Based on my calcs and the Dorsey article above the Saudi Prince owns $1.9 billion in shares .. or 4 % Dorsey $1 billion or almost 2 % and Elon $44 billion or 94 %

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will25u said:

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Pure savagery. 🔥 pic.twitter.com/oxB5aRKqvN

— Ian Miles Cheong (@stillgray) November 2, 2022

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Irish 2.0 said:

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will25u said:

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This is to be about 3,700 current employees.

Read more details: https://t.co/48KSVde0Ju

— unusual_whales (@unusual_whales) November 3, 2022

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Learn to co…..wait….learn to plumb!!

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AgResearch said:

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Need an $8 bill image with Elon's face on it.

Make it so and tweet that **** to him. Someone will become a legend.



EDIT:

It's a hot mess but...

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YouBet said:

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aggiehawg said:

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Quote:

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Dorsey owned more than 18 million shares in Twitter, valued at about $1 billion. He could have cashed those shares out at $54.20 a piece when Musk took the company private, instead, he will end up saving Musk about $1 billion in his purchase price by rolling those shares over.

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Musk, then Saudi holdings (16%) and then Dorsey is next in share ownership. Dorsey and the Saudis combined still cannot outvote Musk.

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Dorsey was semi-red pilled towards the end of his time there. He openly criticized the BoD and the company's direction.

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richardag said:

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YouBet said:

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aggiehawg said:

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Quote:

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Dorsey owned more than 18 million shares in Twitter, valued at about $1 billion. He could have cashed those shares out at $54.20 a piece when Musk took the company private, instead, he will end up saving Musk about $1 billion in his purchase price by rolling those shares over.

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Musk, then Saudi holdings (16%) and then Dorsey is next in share ownership. Dorsey and the Saudis combined still cannot outvote Musk.

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Dorsey was semi-red pilled towards the end of his time there. He openly criticized the BoD and the company's direction.

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Was he criticizing the BoD for fraudulent data and statements about bots, possibly opening up legal prosecution? Or did. also begin understanding the hateful biased political direction the corporation?

Could be both or just the threat of legal ramifications jeopardizing his investment, I honestly don't know.

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Adverse Event said:

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I got laid off from Twitter this morning with no notice. I was the lead software engineer responsible for the feature where you catch a glimpse of a tweet and then the timeline refreshes

— gigabear🧸 (@2170cell) November 3, 2022

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